alkhabar
Maghreb
A proximité
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AfDB : Africa's "lift-off" held back by illicit finance drain
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Gerard Wynn : Morocco is paying too much for solar power
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World Bank: Morocco's financial sovereignty seriously threatened
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Tunisia - World Bank: A loan of $ 500 million to support the 2013 budget
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World Bank - Morocco: A new loan of $ 203 million for the agricultural sector
This project as a “historic step” towards realizing the first large large-scale solar power plant in North Africa, the WB said in a statement.
The loan will enable Morocco to achieve a 500 megawatt solar project plant as the first phase of a national solar power project, the same source said.
The WB said that 200 million dollars of the loan will be granted by its fund that lends to middle-income countries, while the remaining 97 million will come from the WB Clean Technology Fund.
“Ouarzazate demonstrates Morocco’s commitment to low-carbon growth and could demonstrate the enormous potential of solar power in the Middle East and North Africa,” World Bank president Robert Zoellick was quoted in the statement as saying.
The loan will enable Morocco to achieve a 500 megawatt solar project plant as the first phase of a national solar power project, the same source said.
The WB said that 200 million dollars of the loan will be granted by its fund that lends to middle-income countries, while the remaining 97 million will come from the WB Clean Technology Fund.
“Ouarzazate demonstrates Morocco’s commitment to low-carbon growth and could demonstrate the enormous potential of solar power in the Middle East and North Africa,” World Bank president Robert Zoellick was quoted in the statement as saying.
